Putra Jaya: Malaysia's Grade One Marine Shipyard Sdn Bhd (Goms) is collaborating with Dubai-based Water Transport Solution Ltd (WTS) to make inroads into an offshore oil & gas and marine transport project in the Middle East.WTS signed a memorandum of agreement (MoA) here Thursday with Goms, a company involved in shipbuilding, ship repair and vessel chartering for the maritime and oil & gas sectors."We are given two years to carry out feasibility studies to meet the requirements set by the industry in the Middle East.
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"However, we are confident that we can complete the studies much earlier," Goms managing director Tan Kiow said after the signing ceremony.He said Goms, which recently penetrated the Brunei market, aims to increase overseas revenue from below 10 per cent currently in a few years' time.
"Despite the declining oil prices, key oil and gas producers in the Middle East such as Saudi Arabia have reaffirmed that they would not cut down on oil output."The exploration and production activities are still on track, providing good opportunities for us to market our vessels," he said. – Bernama
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He said Goms also plans to set up a state-of-the-art ship repair facility in the United Arab Emirates, with the waterfront land planned by WTS. "Based on our preliminary study, there will always be a shortage of ship repair facilities throughout the region and thus we are confident in securing many jobs there," he added. – Bernama
